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Which term refers to an economic situation where only one company makes a product and is therefore able to fix the selling price? (a)socialism (b)capitalism (c)monopoly (d)anarchy
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41 votes
41 votes
Which term refers to an economic situation where only one company makes a product and is therefore able to fix the selling price?

(a)socialism
(b)capitalism
(c)monopoly
(d)anarchy

User Kiba
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1 Answer

9 votes
9 votes

Answer:

Monopoly

Step-by-step explanation:

User Glapa
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